Which has the lower trailing P/E, MELI or PDD?

PDD has the lower trailing P/E: MELI trades at 48.28 and PDD at 8.67. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, MELI or PDD?

Over the past five years, MELI grew revenue faster — MELI at a 44.82% CAGR versus PDD at 37.69%.

Is MELI or PDD more profitable?

PDD runs the higher net margin — MELI at 5.30% versus PDD at 20.40%.

How have MELI and PDD total returns compared?

Over the past 5 years, MELI delivered 0.53% and PDD delivered -5.59% annualized total return. Past performance doesn't predict future results.

MercadoLibre, Inc. (MELI) vs PDD Holdings Inc. (PDD)

A side-by-side comparison of MercadoLibre, Inc. and PDD Holdings Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.

MELI

MercadoLibre, Inc.

$89.96B

$1,774.38Consumer CyclicalDelayed quote: Sep 24, 2026, 12:45 PM EDT

PDD

PDD Holdings Inc.

$111.74B

$78.50Consumer CyclicalDelayed quote: Sep 24, 2026, 12:45 PM EDT

Total return — MELI vs PDD

growth of $100 · dividends reinvested · last 8y

MELI +408.1% (+22.5%/yr)PDD +191.4% (+14.3%/yr)MELI compounded faster over this window

MELI PDD

MELI vs PDD: by the numbers

•PDD is the larger company ($111.74B vs $89.96B market cap).
•PDD trades at the lower trailing earnings multiple (8.67 vs 48.28 P/E), one valuation lens rather than an overall verdict.
•PDD converts more revenue to profit (20.40% vs 5.30% net margin).
•MELI grew revenue faster over the past five years (44.82% vs 37.69% CAGR).

Metrics side by side

Valuation

Metric	MELI	PDD
P/E ratio	48.28	8.67
Forward P/E	46.80	N/A
P/S ratio	2.56	1.72
P/B ratio	11.48	1.70
EV / EBITDA	25.56	6.59
FCF yield	13.25%	14.34%

Profitability

Metric	MELI	PDD
Gross margin	42.68%	56.32%
Operating margin	8.26%	21.87%
Net margin	5.30%	20.40%
ROE	23.78%	20.07%
ROIC	11.63%	17.16%

Growth (annualized)

Metric	MELI	PDD
Revenue CAGR (5Y)	44.82%	37.69%
FCF CAGR (5Y)	129.42%	31.44%
Total return CAGR (5Y)	0.53%	-5.59%

Frequently asked

Which has the lower trailing P/E, MELI or PDD?: PDD has the lower trailing P/E: MELI trades at 48.28 and PDD at 8.67. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, MELI or PDD?: Over the past five years, MELI grew revenue faster — MELI at a 44.82% CAGR versus PDD at 37.69%.
Is MELI or PDD more profitable?: PDD runs the higher net margin — MELI at 5.30% versus PDD at 20.40%.
How have MELI and PDD total returns compared?: Over the past 5 years, MELI delivered 0.53% and PDD delivered -5.59% annualized total return. Past performance doesn't predict future results.

Go deeper

Full MELI analysis Full PDD analysis Interactive comparison tool

Dig into the metrics

MercadoLibre P/E ratio PDD P/E ratio MercadoLibre ROE PDD ROE MercadoLibre operating margin PDD operating margin MercadoLibre revenue growth PDD revenue growth MercadoLibre free cash flow PDD free cash flow

MercadoLibre & PDD appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.